https://www.taxtmi.com/circulars?id=9757 Rule 4 of the Reward Rules prescribes that basic pay for computing rewards is the pay drawn on the last day of the relevant financial year; consequently, where pay scales are revised during the year, the basic pay as per the revised scales may be used to determine the reward for that financial year. The question of revising the fixed minimum and maximum reward limits is being examined and will be decided separately. en-us Mon, 29 Jun 1987 00:00:00 +0530 Wed, 08 Jun 2011 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9757 Rule 4 of the Reward Rules prescribes that basic pay for computing rewards is the pay drawn on the last day of the relevant financial year; consequently, where pay scales are revised during the year, the basic pay as per the revised scales may be used to determine the reward for that financial year. The question of revising the fixed minimum and maximum reward limits is being examined and will be decided separately. Circulars Income Tax Mon, 29 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9757